The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
004
:
FORM OF BONDS, NOTES, AND CERTIFICATES
(Cite as: 24 V.S.A. § 1883)
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§ 1883. Transfer agent
(a)(1) The treasurer of the municipal corporation shall act as transfer agent or registrar
for the exchange or transfer of registered bonds, notes, or certificates or maintain
the records so that bonds or notes in book entry form may be effected or contract
with or otherwise designate a bank, trust company, or other person to act as transfer
agent or registrar for the bonds, notes, or certificates, or maintain the records
so that bonds or notes in book entry form may be effected.
(2) Such bank, trust company, or other person, which may include the federal government
or any of its agencies or instrumentalities, or any officer, agency, or instrumentality
of the State, may be located or have its principal office inside or outside the State;
provided, however, that any such transfer agent or registrar (other than the federal
government or any of its agencies or instrumentalities) not domiciled in the State
or having its principal business in the State, shall qualify and be authorized to
do business in the State, or shall otherwise render itself amenable to personal service
of process in the State and shall submit itself to personal jurisdiction in the courts
of the State.
(b) Bonds, notes, or certificates in book entry form shall be effected by means of entries
on the records of the treasurer of the municipal corporation or his or her designee
which shall reflect the description of the issue, the principal amount, the interest
rate, the maturity date, and the owner of the bonds, notes, or certificates and such
other information as is deemed appropriate.
(c) The treasurer of the municipal corporation or other designated person may effect conversion
between book entry bonds, notes, or certificates and registered bonds, notes, or certificates
for owners of bonds, notes, or certificates who request such a change. The treasurer
of the municipal corporation or other designated transfer agent or registrar shall
issue a confirmation of the transaction in the form of a written advice. (Added 1983, No. 24, § 1, eff. April 6, 1983.)